23 On January 1, 20x1, Miriam Company entered into a 10-year noncancelable lease for milling equipment. The lease called for payments of $30,000 starting at the end of the first year. Title will pass to Miriam Company at the expiration of the lease. Miriam accounted for this transaction properly as a finance lease. The equipment has an estimated useful life of 15 years, with no salvage value. The lease payments were determined to have a present value of $180,000, based on an incremental borrowing rate of 10%. In the 20/1 income statement of Miriam Company, what amount of interest expense and amortization expense should Miriam report from this lease transaction? $12,000 interest and $18,000 amortization B $15,000 interest and $12,000 amortization $15,000 interest and $18,000 amortization D $18,000 interest and $12,000 amortization